Industrial Services / Specialty Retail · Exit Strategy
Preparing a Fire-Gear Services Business for a Successful Sale
Case study
Lifecycle stages covered
- Concept
- Build
- Raise
- Scale
- Operate — included
- Exit — included
The client
Gear Cleaning Solutions, headquartered in Dallas, serves fire stations across Texas with gear cleaning and repair services and had recently opened a retail branch selling directly to the public.
Business context
Operating both a service line for fire stations and a newly opened retail branch, Gear Cleaning Solutions' owners needed a clear, consolidated financial picture of the business as they considered its next stage, including a potential sale.
Business challenge
The business was being tracked across multiple disconnected accounting systems and was behind on monthly closings, leaving the owners without a clear, current picture of either line of business, let alone the company as a whole. That lack of visibility posed a direct risk to a future transaction: without clean, current, and consolidated financials, the business would not be diligence-ready if an acquisition opportunity emerged, and the owners could face a longer, more difficult sale process or a lower valuation. Leadership needed accurate books and disciplined reporting before pursuing an exit.
ChurchillTerry approach
ChurchillTerry cleaned up and combined Gear Cleaning Solutions' multiple accounting systems into a single, accurate system of record, catching up months of overdue closings to bring reporting fully current. CT delivered ongoing financial management and guidance to the partners and in-house bookkeeper, meeting monthly to review results across both the service and retail sides of the business, and managed tax compliance for the company and its partners. When an acquisition opportunity emerged, CT served as the financial guide through diligence and closing, supporting a successful sale of the business to a third-party buyer.
Outcomes
Multiple Systems Unified
Consolidated fragmented accounting systems into one accurate system of record.
Reporting Brought Current
Caught up months of overdue closings, restoring a disciplined monthly close.
Diligence-Ready Financials
Clean, consolidated books made the business ready for buyer diligence when an opportunity emerged.
Successful Sale to a Third Party
Guided the owners through diligence and closing on a successful sale of the business.
ChurchillTerry capabilities
- Finance & Bookkeeping
- Exit Strategy
Contact Us
Get the Support You Need
Tell us where your company is in its lifecycle and what’s keeping you up at night. One of us will run point and come back with a clear plan.
Located in Dallas-Fort Worth, TX
5068 W Plano Pkwy Ste 202
Plano, TX 75068
Located in Dallas-Fort Worth, TX
5068 W Plano Pkwy Ste 202
Plano, TX 75068